American Airlines Group Inc. (NASDAQ:AAL – Get Free Report) COO David Seymour sold 69,343 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $17.00, for a total value of $1,178,831.00. Following the transaction, the chief operating officer owned 1,025,489 shares of the company’s stock, valued at $17,433,313. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
David Seymour also recently made the following trade(s):
- On Thursday, June 25th, David Seymour sold 56,456 shares of American Airlines Group stock. The shares were sold at an average price of $18.00, for a total value of $1,016,208.00.
American Airlines Group Price Performance
Shares of NASDAQ:AAL opened at $17.87 on Friday. The business’s fifty day moving average price is $13.73 and its two-hundred day moving average price is $13.57. American Airlines Group Inc. has a fifty-two week low of $10.09 and a fifty-two week high of $18.04. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 57.65 and a beta of 1.35.
Key Headlines Impacting American Airlines Group
Here are the key news stories impacting American Airlines Group this week:
- Positive Sentiment: Citigroup raised its price target on American Airlines Group from $14 to $22 and reiterated a buy rating, implying meaningful upside from recent trading levels. Citigroup raises American Airlines price target to $22
- Positive Sentiment: The stock was highlighted as part of a group of airline names reaching fresh 52-week highs, reflecting improving momentum and investor optimism around the sector. Stocktwits article on 52-week highs
- Positive Sentiment: A separate note said airline stocks, including American Airlines, are benefiting from lower oil prices, which can reduce jet fuel costs and improve margins for carriers. Why Is American Airlines (AAL) Stock Soaring Today
- Neutral Sentiment: Other recent coverage continued to place American Airlines among the airline stocks worth watching, but without a major new company-specific catalyst. Best Airline Stocks To Research – June 25th
- Neutral Sentiment: One article discussed a bullish chart pattern tied to American Airlines, suggesting technical traders may be supporting the move. United Is About To Join American Airlines In An Exclusive Bullish Club Linked To Elon Musk
- Negative Sentiment: American Airlines also saw a reported rise in short interest during June, which can signal that some traders remain skeptical about the sustainability of the rally. Short interest update for American Airlines
Institutional Trading of American Airlines Group
Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in American Airlines Group by 21.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,276 shares of the airline’s stock worth $66,000 after purchasing an additional 766 shares during the last quarter. NewEdge Advisors LLC boosted its position in American Airlines Group by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock valued at $149,000 after buying an additional 823 shares during the last quarter. HB Wealth Management LLC boosted its position in American Airlines Group by 4.5% in the 1st quarter. HB Wealth Management LLC now owns 20,205 shares of the airline’s stock valued at $217,000 after buying an additional 871 shares during the last quarter. Root Financial Partners LLC increased its stake in shares of American Airlines Group by 33.1% in the 1st quarter. Root Financial Partners LLC now owns 3,816 shares of the airline’s stock valued at $41,000 after buying an additional 949 shares during the period. Finally, Frank Rimerman Advisors LLC raised its position in shares of American Airlines Group by 4.5% during the fourth quarter. Frank Rimerman Advisors LLC now owns 22,346 shares of the airline’s stock worth $343,000 after acquiring an additional 954 shares during the last quarter. 52.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AAL. UBS Group lifted their price target on shares of American Airlines Group from $18.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America raised their price objective on shares of American Airlines Group from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, June 22nd. Barclays lifted their target price on shares of American Airlines Group from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company reduced their target price on American Airlines Group from $17.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, March 16th. Finally, Jefferies Financial Group increased their price target on American Airlines Group from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.47.
Read Our Latest Stock Analysis on AAL
About American Airlines Group
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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